Comvita denies knowledge of co-founder’s move to block Florenz takeover

Board continues to unanimously recommend that shareholders vote in favour of the Scheme with Florenz. (Image: Comvita)

Thu, 16 Oct 2025

Comvita says it has received no information regarding company co-founder Alan Bougen's intention to block a proposed takeover by Florenz, which billionaire Mark Stewart owns.Mānuka honey producer Comvita, established in 1974, has sent out the scheme of arrangement booklet detailing Florenz’s full takeover offer at 80c a share or $56.4 million. Christchurch-based Florenz already owns or has voting agreements with 18.4% of total shares.Bougen told BusinessDesk on Wednesday the offer is "pretty offensive" and he is forming a sy...

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